Catylist ID:
#30627752
Interstate Restaurant - 7224 Region Ln
Retail-Commercial
for Sale
| Catylist Listing ID: | 30627752 |
| Property Subtypes: | Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 5,891 SF |
| Gross Building Area: | 5,981 SF |
| Sale Price: | $2,300,000 |
| Unit Price: | $390.43 PSF |
| Property Use Type: | Net Leased Investment (NNN), Vacant/Owner-User |
| Building Name: | Former Puleo's Grill |
| Usable Size (USF): | 5,981 SF |
| Sale Terms: | Undisclosed, Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 10/22/2020 |
Overview / Comments
|
Knoxville is centrally located to serve the nations supply chain and home to a national lab, the University of TN and the Forks of the River Industrial Park which is 5 minutes east of downtown on Interstate 40. There you will find major manufacturing and distribution from companies like Green Mountain Coffee, Sea Ray, Maleluca, Leisure Pools, and Aqua Chem to name a few. Arterial access is thru Strawberry Plains pike, along exit 398 at Interstate f40 which is also home to Pellissippi State Community College (1500 students and faculty) , and the Regional HQ for the TN Dept of Transportation. There you have a 5,981 SF restaurant with excellent visibility, parking, attractive architecture, and is in turn key ready. Could easily convert to medical, or other non-restaurant use. Visible to 86,259 CPD ( I-40) Dominant exit (398) entering/exiting Knoxville 45 free Surface Spaces are available; Ratio of 7.52/1,000 SF Adjacent to National Restaurant & Hotel chains Fully equipped near turn key solution Pellissippi State Community College, TDOT & Forks of the River Industrial Park supply the hungry consumers. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 073PA001 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist |
| Property Visibility: | Good |
| Largest Nearby Street: | Strawberry Plains Pike |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 5,891 SF |
| Property Condition: | Good |
| Year Built: | 1995 |
| Parking Type: | Surface |
| Interior Description: | Bar seating, booths, private rooms, ADA Bathrooms, Managers office, |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 7,988 | 29,479 |
| Median Age: | 43.77 | 41.51 |
| Households: | 3,284 | 11,849 |
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